Member Info for Jantand

Stay with cza and be patient. This is the right one. Good luck

Bees, Take a few steps back. Without uc deal we have 1 Chinese buying a stake in makhado (114usd in) 2016 2 bbbeee partner buying in busy with funding 2016 makhado (30 odd percent of makhado) 3 busy selling mooiplaats ( money in)2016 4 vele reconsideration 2016 5 huuuuuuuge 40 bn industrial Park on makhado doorstep all be it 4 years away. 6 macro economic wheels slowly turning Re thermal prices Negatives 1 owing Rio 17 m usd to be paid next July ( got the cash) 2 shares being diluted as a result of funding. Would of been bankrupt if not for that. 3 global economic slump in commodity prices and demand. Lastly I would respectfully correct you in your suggestion that dB made mistakes in uc deal. They needed last minute funding because NCC wasn't inked and funding was to compromise for the lack of cashflow anticipated from NCC for the next 12 months. Working capital for uc, not cza!!!!!!!).Management pushed all the way until the end.

Been rumors about the steelmill for years on the Makhado doorstep and the conformation of sa government allowing a huge investment bodes very well for cza. We own all the coking coal. A bid for our assets seems to be logical. Interesting that the time-frame is next 4 years and that is when makhado will be up and running. Huge potential as always with this company

Lovely news

http://www.moneyweb.co.za/news-fast-news/chinese-consortium-to-invest-2-8-billion-in-south-africa-industrial-zone/

Sp is ridiculously low so anybody with a brain and a bit of time will dig in here. May be an alternative outcome to the previously anticipated deal but I believe we will still score here regardless. Top management, top assets, Gla

Hemms, use the filter.

Weeks ago I posted an article regarding difficult environment in sa of doing business with Eskom and inking new deals. Also informed this board about NCC and it not having an contract as well as dB looking for funding to negate that. Obviously pointless in buying an non producing asset if the point from the beginning was to acquire a cashcow. So no deal then. Finished. Let's move on. Fair to say uc management did not close their side of the deal(NCC contract)! Disappointed...

The deal will happen when the funding is in place. We can't take uc without funding because negotiations with Eskom ( NCC) are still busy and in stead of waiting around dB is securing working capital despite what happens to NCC Gla

Fully agreed 👍

All the flybynighters gone. Hopefully sensible posts, informative and constructive like it used to be. Gla

4 trillion dollars gone since brexit in 2 trading days....... everyone is affected

Up nicely amongst the pandemonium in UK. Wtf were you guys thinking? Atb

"end July" according to schedule 1 rns

No one is on their knees, no one is down and out. It's information, knowledge, q and a Big difference from standing on rooftops like yourself and your mate making a hell of a noise and contributing f all. Ffs

seller lurking on jse

I think it's about inking a deal with Eskom more than anything.

With management this morning revealed that the NCC deal with Eskom has not(yet) been finalized due to the regularatory difficulties in the current sa mining space and therefore dB needs alternative funding to secure working capital for the next 12 months. Can't sit around and wait for that to happen. He says no rights issues, but more notes and they try to limit dilution. Also 60 dollars a ton is break even for vele and 35 dollars a ton break even for delivering to eskom (vele) Mooiplaats is (busy) being sold Nothing has changed material for cza but uc hasn't concluded negotiations with Eskom and thus funding is needed for working capital for the next 12 months. This is why we have an extension all the time with uc. Get the comfort from him that we are going to be very good in due course. He also referred to " predecessors " buying assets at the height of the coalmarket in 2010 and overpaying for it and now it is his to deal with and he had to raise funds to pay Tinto for it.

http://www.universalcoal.com/miningmx-coal-miners-say-eskom-contract-changes-unworkable-by-david-mckay-monday-20-june-2016/

Retail investing, market manipulation, shaking the tree, Guys like our mate the Duke trying to get in..... Bet you can't buy much at. 08 either?